Investors claim Aussies need three properties to replace their income

THINK first homebuyers are getting screwed over now? Wait until you hear the advice these experts have for the “average Aussie”.

IF YOU ever plan on leaving the workforce, you’d better start saving.

Because several property investors have made the alarming claim that the average Australian needs to own three properties in order to retire “comfortably”.

That’s the opinion of Daniel Walsh, 27, a former high school dropout-turned investor who has managed to build up his own multimillion-dollar portfolio in less than a decade.

He explained his theory to news.com.au by citing the Association of Superannuation Funds of Australia (ASFA), Australia’s peak superannuation body, which states the average couple leaving the workforce today needs $60,457 per year in order to live securely.. Read more